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end up closing yo gap when it comes to something which some other clinton alumni pointed out this week is a $86 trillion in unfunded liabilities for entitlements. >> that number is essentially fake. >> a lot of times when we're discussing this stuff, it is fake because government refuses to put it on the books because they don't want to acknowledge it exists. >> th not it. >> my point being i don't want to only talk about simplifying when we're not actually closing the gap. i don't want to only talk about the fiscal cliff when nothing we're doing is coming close to deal with these issues. melissa: we talk about how hard it is to simplify the tax code. our guest before you guys said the same thing. it could be really simple. we could put out three rates for people with absolutely no deductions exceptions. if you're in this group you pay 35% or whatever. make up your number. >> right. melissa: if you're in this group pay 30, and this group pay 25. no exceptions, no deductions that would be one page tax code. whats wro with that, michael. >> because we live in a complex country with comp
the debt and decit. what do yo thin about that? first of all, melissa, one thing i want to say to the american people we're all unified, and that is completely different matter just to say syria will not t weapons of mass destruction dtroyot only their peoe but those around the surrounding areas. we'reunified on that issue. i ed to say that. i thanyou for your courtesy allowing me to do so. melissa: we appreciate that. that is really important issue we're also focus on here. thank u for that. >> thank you. i serve on the homeland security commiee. we have been in meetings all day. i was abl to listen to some small measure of the diussion. let me say where we are today. no one dagrees ther should not e a discussion on entitlements. whatre absolutely opposed to as democrats, ranging from conservative to moderates to progresves is preservationf medicar, social security and frankly medicaid. d that social security has nothing to do with the deficit. 2037. solvent and until medicare is solvent until 2024. u think where we're at, i know as i listenhen the question would the republic
't get the bird watchers wrangled. they will hound yo to death. the bi watchers a really upset. 500 song birds killed in west virginia at a wind farm in west virginia. neil: what were they doing? >> it's interesting. people thought they were chewed up by the blades. not so. they were trapped by the light's glare. they did circlinges ntil they dropped dead. if they were agas company, forget it, they would o hundreds of thousands of dollars in fines, but because they are the president's preferred type of energy, zero. by the way, it's not just song birds killed, 2,000 eagles have been killed by the windmills as well, and, again, if they were private sector, fine, pay the fines whatever, but they are money losing operation. they comback hat and hand, december 31st for another $3 billion subsidy, a one year extension of the $3 billion grant that they get for renewable service, and they are ner going to be profitable. these things not only ot profitable, but they lie about how many jobs they have created. they claim they created all of these thousands of and thousands of jobs, 7200 jobs r the
with all the details so yo can hang on your sh. even whethey say it's not, it is always about money. melissa: all right. first let's take a look at the day's market headlines. other day of gins on wa street. stocks soared for the second day in a row. the dow closed up 115 points and all that illusion that washington is getting its act together but progress on the fiscal cliff isn't driving everything higher. gold hit its lowest level in since late august that is confidence there. investors flee from the precus metal as a safe haven appeal fades. gold is hovering $1670 an ounce. >>> shares of blackberry maker research in motion slipping after being hit with a downgrade by toronto based national bank. rim shares closing down almost 1 1/2% today. >>> all right, you will not like this one of the popular photo sharing site instagram, now claims the right to sell user's photos without payment or notification. and get this. unless users delete their account before january 16th there is no way to opt out. instagram can sell your kids. they become an ad. so your image can be sold for a profi
you work . there are times, is there been a year whether you used awful your vatime? i don't think yo have. >> that's why i feel like i am losi my mind. i got to knock i off. >> and that is interesting. germany and the eu. germany had highest vacation days eu . they are most productive. >> they make good cars, the germans. >> and the gloth grated is-thirds of our own . once un a time they were a low tax regime and hour were higher. taxes on work you get less of it >> europe has legally man dated vacation . we don't have thatere. >> i hope we are not on the air in france and germany. you are killing these poor people. >> they are killing themselves. look at their numbers. wa you want toave them. >> they e happy except for millionaire necessary france. >> which is why they are leaving for belgium which is a tax-haven. 75 or 85 percent. ments to work there? last word from steve. a push to ring in the new year with a mileage tax. will it dve your economy off of the cliff? >> and colleges cashing in. they are collecting more application fe and not letting more students in. >> believe it or
to tracey on this. overall arching issue is the amount of debt. yo are right. kids can't get jobs and what is happening, the economii speciallilet younger demographicconomy is suffering and that hurts the entire country. >> it hurts everyone. the universities and colleges are taking advantage o the viability of free money f.t was not there kids would not have the problem. there are kids that were in college and watched their tuition rise. they have to go back to the government well. but it is the fault of the universitis and colleges that take advantage. >> cost control, john than. >> the reason it goes up is 42 loan government. no one is disputing the value of education. but the question is government funding that education it is not part of the american candidate at all it started in the 1950s and 60s and gotten bigger ever since. the notion that government should fund a college educatioand kids have a right it is a new phenom nam. >> and without federal syste hundreds of thousands of millions was college students could not go to college. >> you are right. bahamas and mexico, whatever.
of paid vacation. john: italy first. if you start a business and keep it small, up that 10 workers yo have some flexibility but number 11 1/2 to have the self assessment outlying every possible health and safety hazard? >> yes. we're not just talking about heavy machinery but how you deal with specific stress with your age, gender, a doctor, thoverwhelming majority of italian workers work with 10 or fewer employees. john: number 16 employee you have to have you representatives that is entitled to paid leave? >> eight hours per month. >> if you hire one more he must be disabled? >>umber 16 the next one must be disabled or you pay the fine. john: 51st, 7% of payroll must be handicappe. >> must qualify as disabled. rates of disability are prty high. john: 101 employees, more rules. spain has reformed the stupid work rules that they no longer have to pay 42 mohs severance pay now it is just 24 months. that is still two years. >> if they turn out badly you will turn up and know them they show them two years. >> having 350,000 under severance pay but now just 200,000. why hire somebody to pay t
relatively constant regardless of yo topper to 70%% by three decades ago or 35% as it is now. what we want and what we need is x code with a study, stable stream of somewhere in that neighborhood. something stable and consistent tracy: before let you go, senator, are we going over the cliff? >> it is too early to tell, can't make that prediction. i've learned not to make such predictions in this town, it ly gets you in trouble. tracy: only 21 days, it can't be too ely. thank you for taking the time with us. >> thank you. tracy: early? i don'tnow. a lot more to come including the future tax reform. we actuallcan we actually get am that makes sse ife don't go over the fiscal cliff is an even bigger recovery on the way? our next guest says yes. and yet housing to thank for it. after the break. you know how painful heartburn can be. for fast, long lasting relief, use doctor recommded gaviscon®. only gaviscon® forms a protective barrier that helps block stomach acid from splashing up- relieving the pain quickly. try fast, long lasting gaviscon®. tracy: prices on the rise over the last six mo
. it is very difficult to play a game if yo don't where thh rules are. the small business community is kind of sitting on the sidelines awaiting, and that's not what we want from the job creators were country. >> it's interesting because we saw cap tech spending for big companies come to a screeching halt. we are starting to see it with small businesses now as well. everyone is just in this holding pattern, we? >> absolutely. a small business owner, a capital investment and hiring of an individual person is such a long-term name. it is such a bigger impact than it is for the company. they are taking those decisions and making them a lot more slow. they don't know what is coming up ahead. you are seeing it on the big business side, you're seeing it on the small business site. one of the things that is overlooked is how many small-business owners are being affected. you keep hearing the rich, the rich, the rich. the rich are based on these 250,000-dollar cut off or more per year burners, a lot of small business owners get taxed for their income. tracy: this is important to point out. when yo
: want g to that njust a moment. i want to get yo rection to what we're watching take place and to that -- t rear square at the presidentia palace in egypt. >> here is the good nws. there are 100,000 people left in ypt who want to protest a diatorship of sharia which is what we're going to see with te muslim brotherhood backi more cy and his regime ad his attempt at dictatorshi. it will be crushe the bad news is they will suppress this rebelllon. they will suppress it with the police and thh muslim brotherhood talks. at the end of the day, the chriian movement that used to exist, the coptic christian churches no loger a force to be reckoned with. secular muslims no longer have a role to play in th government, and utimately that rebounds to our disadvtage. our only real ally in that part of the world to my israel. >> and the reason we continue to fund this government cannot to continue the picies of which egypt is simply a part,ibya as well, the dstanceof which we have remained from events in sysyria without a clear cut policy. what are your houghts? >> well, thisserious itua
, yo?! i lost audio. what happened?! [ ice crackling ] what!?!? oh, it better not be! what's going on? ♪ it's time to put a stop to this! yay-e, yay-e! [ male announcer ] the coors light silver bullet pint. it's bigger. it's resealable. it's still the coldest. ♪ get out of my booth!!! [ male announcer ] frost brewed coors light. the world's most refreshing beer. you know, from our 4,000 tevision commercials. yep, there i am with flo. hoo-hoo! watch it! [chuckles] anyhoo, 3 million people switched to me last year, saving an average of $475. yeah, i'm kind of a big deal. [sigh] it feels good to help people save... with great discounts like safe driver, mulcar, and multipolicy. 731, 732... you want my number, don't you? call 1-800-progressive right now. or visit progressi.com for an extra $50 online savings. thirsty? 'cause i got a six-pack right here. oh, yeah... [voice shaking] you don't even have to wait for your policy to expire to switch. and, with every policy, you get great service. a-down thehizz-atch. [slurp!] so call me today. you'll be glad you did. cannonbox! [splash!] th
to do? all right. we're going to take a quick break to try to straighten out our audio yo issues. he was such a good sport to come on the show, we'll be right back and we can ve you 10% on ground shipping over the ups store. look this isn't my first christmas. these als ll seem great at the time... but later... [ shirt] merry christmas, everybody! not so much. ho ho ho! this isn't that kind of deal. [ male announcer ] break from the holiday stress. save on ground shipping at fedex office. melissa: all right. we're back for the latest from syria. we have the founder of the american islamic forum. thanks so much for being here. can you hear me? did we sort it all out? >> yes, melissa, i'm with you. thanks for having me. melissa: let's get to it. you say there is economic force driving this whole situation in syria. -pif we understood it better we could come closer to solving the problem it has to do with turkey and russia. explain it to me. >> the bottom line there is old historical triangle between turkey, syria and russia. until we break the triangle we'll not solve the problem. the
is to defend this country, and that means having to defriend it abroad, and yo asking the men and women on the front lines say, well, sorry, no agreement, and you have to take reductions even though they don't make sense in terms of what your requirements are. i think it's a heavy responsibility on republicans and democrats. the commander in chief, the president of the united states, he has an obligation to bring parties in a say, look, do you really want to have this as a policy of the united states at a time we're trying to -- >> well, maybe that's happening. maybe that's happening behind the scenes, secretary, but i wonder. i guess what i'm wondering about, you talk about the military threat, wouldn't there be an international security threat to us if, let's say, they have no deal or they come together with a deal that's a bad deal,ur ratings still cut, our markets still tank. isn't that potentially the greater threat? >> well, the greatest there, well, obviously, if the markets tank, then we're not going to be in a position to raise the funds necessary other than going to borrow the
a quick break to try to straighten out our audio yo issues he was such a good sport t lissa: all right. we're back for the latest from syria. we have the founder of the american islamic forum. thanks so much for being here. can you hear me? did we sort it all out? >> yes, melissa, i'm with you. thanks for having me. melissa: let's get to it. you say there is economic force drivin this whole situation in syria. -pif we uerstood it better we could come closer to solving the problem i has to do with turkey and russia. explain it to me. >> the bottom line there is old historical triangle between turkey, syria and russia. until we break the triangle we'll not solve the problem. the reason the assad regime has been able to perpetrate genocide against its own people, 50,000 killed, 1 one had you,000 displaced and three million homes destroyed. russia continues to give them arms $1.5 billion. just last week publicly reported sending cash and currency to the assad regime so they continue to pay their military henchmen to keep doing the genocide. turkey that has been doing good humanitarian work on
your medication, astrazeneca may be able to help. ♪ here come the -- [ cap twisting off ] hey, yo?! i lost audio. what happened?! [ ice crackling ] what!?!? oh, it better not be! what's going on? ♪ it's time to put a stop to this! yay-e, yay-e! [ male announcer ] the coors light silver bullet pint. it's bigger. it's resealable. it's still the coldest. ♪ get out of my booth!!! [ male announcer ] frost brewed coors light. the world's most refreshing beer. >> we need to move towards a single rate tax system. if we do that, america will prosper. charles: it looks like art laffer is for proving some new blood for the tax hike. senator mike leigh is joining the push for what he says is a cleaner ansimpler and better tech solution. unlike dc outsiders coming actually has the power to do it. welcome to the show. senator, the flat tax has been an idea for four or five years now. you think thaa there is any sort of reception at this time? >> i certainly think that there needs to be. i think this is a good opportunity for us to revisit the idea. when we have president who is trying to pit on
. are yo eady? welcome to "the willis report." ♪ gerri: hello, everybod iim gerri willis. getready. a flood of obamacare rules re coming, and it will take a mountain of paperwork to get in all the fine prnt. fox buinnss liz macnald this year. let's break it down. >> you know wh i lov about congress? i don'really le it. they pass a law and th it's sort of like the irshas to do it. the irs hato enacted ad oversee. anthe joke is that the iris is operating on pneumatic ubes. the amacare law is going to basically blow a lot of circuits and burn a band with. so the deal is made if you hae investment income, capital gains or dividen, not only do you have to pay taxes when youou cah out, you're going to have to pay an extra surtax on top of that. so whate're seeing is the ira saying, we have to a shoot ibly 1509 pages of rules. it becomes -- >> a little bit about this and then it diappeared. apparently it disappeared from the irs. all of a sudden out of the blue have that already april april 15th. >> nancyeli said we have to pass it to see what's in it. well now we're seeing what's in it. the rule
: the sleep number collection. discover how our sleep professionals can individualize yo sleep experience. exclusively at one of our 400 sleep number stores nationwide. sleep number. comfort individualized. this holiday season, give the gift that's magical: the innovative airfit adjustable pillow at special 30% savings. liz: high profile banking analyst dick bovey is a wanted man, not by the law, but by a bunch of firms who are dying to hire this guy after his old firm blew up over a bad trade. charlie gasparino has the latest. >> yeah. there's one guy at rock dale was a wanted man by the fbi -- liz: the dude who ran the bad trade. >> he was arrested two days ago for trading unauthorized a billion dollars' worth of apple stock and, essentially, losing money and imploding the firm. the firm is shut down until they get new capital. since that time, dick boy say's future, he's kind of in purgatory, right? i tell you, the guy who runs rock dale thinks he's going to get financing, and bove told him he's going to stay if he gets financing. sources telling fox business network that bove, one of
james lyons joins us next. ♪ ♪ here come the -- [ cap twisting off ] hey, yo?! i lost audio. what happened?! [ ice crackling ] what!?! oh, it better not be! what's going on? ♪ it's time to put a stop to this! yay-e, yay-e! [ male announcer ] the coors light silver bullet pint. it's bigger. it's resealable. it's still the coldest. ♪ get out of my booth!!! [ male announcer ] frost brewed coors light. the world's most refreshing beer. at legalzoom, we've created a better place to handle your legal needs. maybe you have questions about incorporating a business you'd like to start. or questions about protecting your family with a will or living trust. and you'd like to find the right attorney to help guide you along, answer any questions and offer advice. with an "a" rating from the better business bureau legalzoom helps you get personalized and affordable legal proteion. in most states, a legal plan attorney is available with every personalized document to answer any questions. get started at legalzoom.com today. and now you're protected. i took my son fishing every year. we had a
you can actually use! how illuminating. at's in yo wallet? let me guess, am on the naughty list again? ho ho ho! >> show title tonight, good intentions gone wrong describes what government does. we have problems. politicians claim they have a fix. they add laws, add to the growing pile of laws, 170,000 pages alread they propose a thousand new ones every week. at the bill signing, everyone feels good, and the public seems to buy it. they think a problem is solved. after all, no kids in washington ask the congressmen what laws did you repeal? it's congressman, what laws have you passed? so they pass and pass and laws pile up. for every one of these, there's an unintended consequence or several. the track record is clear. ceral planners failed in the soviet uni,, cuba, in america's public school systems, at the post office. central planning stops innovation, distorts the economy; yet, for all of that failure whenever another crisis hits, natural instinct is to say government has to do something. why don't we learn? because there are awless problems that must be solved. there are always p
rand philosophy to donate to a charity that alliance with yo own self-interest? >> absolutely. ayn rand gave to charity but gave to causes she believed in battle lines with their own self-interest and 57 doesn't everybody? >> no. you should get rid of them gilts. you don't deserve it. it is not in their self-interest when people are tilted into giving. >> you say the program comes to an end we tried to replicate with the future veterans of this country? >> absolutely. therare honor flight of said have moved on to currey of veterans many come to the homecoming this and see thr reactions and we hear we hope you do this for the younger dies someday. >> seeing advertisements on an tv that say text red cross. is it effective should we use that four hurricane sandy? >> the red cross has a unique role with disaster recovery, they have to do with. they are chartered by congress. they have to show up. in most situations they are the first responders. but for those to step back to say a lot of people will help the red cross but what can i do? maybe in the second week when you see the pattern of w
like a pro. hey, yo, check out this chef, right? right? that's so gay. that's really gay. dude, look at those pants. please don't say that. what?
t interject something to yo if i may. there is a phrase of the week on this broadcast. thing the state department on tuesy dismissed john bolton's assertion that secretary of state hillary clinton have faked an injury and illness about the libyan terrorist attack. here's what ambassador bolton said. every foreign service officer in every foreign minister in the world knows the phrase when you don't want to go to a meeting or conference or an event, yu have a diplomatic ilness. this is a diplomatic illness. thank you both for bei iljudith miller among our gifts. >> suddenly fiscal cliff is looking steeper and closer. noted economistst arthur lapert joins us to tell us how this game stamps.com is the best. i don't have to leave my desk and get up and go to the post office anymore. [ male announcer ] with stamps.com you can print real u.s. postage for all your letters and packages. i have exactly the amount of postage i need, the instant i need it. can you print only stamps? no... first class. priority mail. certified. international. and the mail manicks it up. i don't leave the
is econo will look retty bad and in yo great damage to the democratic party in 2013. am hopeful in the long run but will be better this year than next year. gerri: you said it is okay by you to raise taxes on the million dollars plus. are they takg a responsible stand here? some republicans in the house even now saying this isn't a tax cut, leadersh framing it a a tax cut, it isn't a tax cut, it is a tax hike for many people. do you think americans will get the real deal on this, so many people feeling they are misled by both sides of the aisle. >> the point is if we go to january 1, all taxes rise and the question is if you pass a bill now, to exclude some of the taxes that are going to ris at least get some of them tt won't rise, that is the way i look at it. e president does have controlled the wte house control of the senate and control of the negotiating tuation cause all those tax cuts go up. he is doing e best he can. rri: he wanted to protect this may taxpayers as he could. let me take you back a couple of years. president ronald reagaying we can't spend ourselves rich.
to have you back. when yo make of this? i would think this is under the radar that no one sees comingup you probably have much much more impact. what ahing? >> it's going to have a huge impact. a lot of the total return of the stock market is dividends. the value of dividends, that is cut in half because of tax increases -- that has an enormous impact on the stock market. dividend taxes could be astronomical. neil: that was the single best explanation of this entire phenomenon that i have heard. >> you flatter me, sir be met really. >> you are very kind. neil: he talked about the avenue of successful investors who was inhibited by the tax rate. i am paraphring. but regardless of what the tax situation was, turning around your argument on dividends, but it could have a big imact on those who might invest in dividend paying stocks with a cd that you get, and maybe that won't happen at all. would he make of that? >> i think he is talking about something else. he is saying that people will not add to employment. neil: i get it, it won't kill the old world investment. >> that will knock it d
collection. discover how our sleep professionals can individualize yo sleep experience. clusively at one of our 400 sleep number stores nationwide. sleep number. comfort individualized. this holiday season, give the gift that's magical: the innovative airfit adjustable pillow at special 30% savings. liz: in the lexicon today, usually means no big deal, but today redefining it to mean the next big deal from washington, d.c., to wall stre wall street. bartering so they can come out on top. let's shake it up on the team. peter, to you first. >> not the fiscal cliff. not today. just a day at a meeting speaker john boehner at the white house, president obama extended a little olive branch in avoiding the fiscal cliff. >> i have said i will work with republicans on a plan for economic growth, job creation and reducing our deficits. and had some common western democrats and republicans, i understand people have a lot of different views, i'm willing to compromise a little bit. >> the white house would not disclose any details of the meeting with the president and the speaker yesterday. both side
to shell out a lot of money. [ oman ] ring. ring. progresso. i just served my mother-in-law yo chicken noodle soup but she loved it so much... i told her it was homemade. everyone tells a little white lie now and then. but now she wants my recipe [ clears his throat ] [ softly ] she's right behind misn't she? [ male announcer ] progresso. you gotta taste this soup. you know how painful heartburn can be. for fast, long lasting relief, useoctor recommended gaviscon®. only gavisco® forms a protective barrier that helps block stomach acid from splashing up- relieving the pn quy. try fas long sting gaviscon®. now we need a little bit more... [ male announcer ] at humana, we understand the value of quality time and personal attention. which is why we are proud to partner with health care professionals who understand the difference that quality time with our members can make... that's a very nice cake! ohh! [ giggs ] [ male announcer ] humana thanks the physicns, nurses, hospitals, pharmacists and other health professionals who helped us achieve the highest average star rating among nation
twisting off ] hey, yo?! i lost audio. what happened?! [ ice crackling ] what!?!? oh, it better not be! what's going on? ♪ it's time to put a stop to this! yay-e, yay-e! [ male announcer ] the coors light silver bullet pint. it's bigger. it's resealable. it's still the coldest. ♪ get out of my booth!!! [ male announcer ] frost brewed coors light. the world's most refshing beer. >> show title tonight, good intentions gone wrong describes what government does. we have problems. politicians claim they have a fix. they add laws, add to the growing pile of laws, 170,000 pages already. they propose a thousand new ones every week. at the bill signing, everyone feels good, and the public seems to buy it. they think a problem is solved. after all, no kids in washington ask the congressmen what laws did you repeal? it's congressman, what laws have you passed? so they pass and pass and laws pile up. for every one of these, there's an unintended consequence or several. the trackrecord is clear. central planners failed in the soviet uni,, cuba, in america's public school systems, at the post of
on an optimistic note. that is nitely good news. i would like to thank all my guests are you think you all for yo fine alysis and thank you for your help tonight. i really appreciate it. >> thank you. >> happy new year. gerri: how would you describe today's closed-door fiscal cliff meeting between the president and congressional leaders? do you believe it was a political stunt or real negotiation? la mancha gerriwillis.com, vote on the right-hand side of the screen, i will share the results of the end of the show. stilahead tonight, it's not just the fisca cliff mess that congress has leftundone. there is a whole lot of other work that our lawmers should have done this year but did not. i will tell you all about it. and we will be right back when some people struggle with their mortgage payments, they become frozen, petrified. not knowing what to do, they do nothing, but the people who do something, the people who take action, are far more likely to get the most positive outcome. making home affordable is a free government program. call now to talk one on one with a housing expert about the opti
. that is definitely good news. i wod like to thankall my guests are you think you all for yo fine analysis and thank you for your help tonight. i really appreciate it. thank you. >> happy new year. gerri: how would you describe today's closed-door fiscal cliff meeting between the president and congressional leaders? do you believe it was a political stunt or real negotiation? la mancha gerriwillis.com, vote on the right-hand side of the scre, i will share the results of the end of the show. still ahead tonight, it's not just the fiscal clff mess that congress has left undone. there is a wholelo of other work that our lawmakers should haveone this year but did not. i will tell you all about it. and we will be rght back the capital one cash rewards card gives you 1% cash back on all purchases, plus a 50% annual bonus. and everyone...but her likes 50% more cash. but i'm uppingy game. do you want a candy cane? yes! do you want the puppy? yes! do you want a tricycle? yes! do you want 50 percent more cash? no! ♪ festive. [ male announcer ] the capital one cash rewards card gives you 1% cash back on ever
will have a conversation. i really appreciate yo coming on the show,hank you so much and i think you for having me. gerri: now we want to know what you think. banda gerriwillis.com, vote on the right-nd side of the screen. we have lots more in the show. twenty-six days until we fall off the fiscal cliff. is that what democrats want us to do? pictures seem so. we go live to capitol hill in 10 minutes. while ngress talked about wanting to cut excess spending, the nbers may tell a different story. i will break it down coming up next. you stl think you're colder than me? nah. don tell me. tell tiny! [ ice crackling ] [ knuckles cracking ] and who are you supposed to be, back-up? handle it. what you looking at? ha! cat-like reflexes... whoa! [ male announcer ] the coors light silver bullet pint. it's bigger. it's resealable. it's still the coldest. don't you do it. don't you do it! [ male announcer ] frost brewed coors light. gerri: where would we be without senator tom coburn? without the oklahoma taxpayer dollars? this fellow brought us this image. your member this? the shrimp on on the
to start. or questions about protecting yo family with a ll or living trust. and you'd like to find the right attorney to help guide yo along, answer any questions and offer advice. with an "a" rating from the better business bureau legalzoom helps you get personalized and affordable legal protection. in most states, a legal plan attorney is available with every personalized document to answer any questions. get started at legalzoom.com today. and now y're protected. you know how painful heartburn can be. for fast, long lasting relief, use doctor recoended gaviscon®. only gaviscon® forms a prective barrier that helps block smach acid from splashihing up- relieving the pain quickly. try fast, long lasting gaviscon®. cheryl: right now we're coming up on 15 past the hour, stocks now, of course, every 15 minutes. jeff flock is in the trading pits of the cme where coffee prices perking lower, sandra smith watching retail, first to nicole on the floor of the new york stock exchange. >> thanks, cheryl, up about one-quarter of 1%, stocks up. use that term loosely today, but we're really
to the things that mter most. ask yo rheumatologist enbrel is right for you. doctor ] enbrel, ththe number one biolog medicine prcribed by rheumatologists. doctor ] enbrel, ththe number one biolog medicine i have obligations. cute tobligations, but obligatio.ing. i need to thk the core of my portfolio. what i really need is slp. introducg the isharecore, building blocks for the heart of your portfolio. find out why 9 out of choose ishares f their etfs.s hareby bckrock. cainvestment objectives, prrisks, charges and expenses. ad and consider it carefully beforenvesting. risk inclus poible loss of principal. ♪ lou: $16 trillion in national debt, some put that figure closer to a nearly $90 trillion. among them, a former ways and means committee chairman bill archer. he joins us here in just moments to take a look at the fiscal cliff. a man who, as i said earlier in the broadcast was present at the previous precipices and survived it all. he will give us his insights. first, going to wall street, the markets tonight. "moneyline." stuck in a fairly tight trading range. investors cautious as they g
,energetic opposition that found a way to prevent. it always agree -- grea to talk with yo. we appreciate you being here. >> thank you. lou: a little corporate money is not so bad. he could use that, and he apparently will. we will have that story and protesters stormed the presidential palace in egypt. the government in trouble to. how much? we don't know. can the president support help in? we take it all up with the foundation for defense of democracy here next. stay with us. ♪ lou: breaking news. u.s. officials confirmed that the egyptian authorities have detained a man who has been described variously as, perhaps, an alleged ringleader of an egyptian terrorist network linked to the september 11th attack on the u.s. consulate in benghazi. the united states ambassador and three other americans were killed. also tonght, egyptian president urging national dialogue still, but moving forward with his referendum on an islamist back to constitution. the new york times bureau chief in cairo, david kirkpatrick insisting that the muslim brotherhood is not, and i do ," not violent by nature and have come over
the difference. just use your citi card and register yo purchase online. have a super sparkly day! ok. [ male announcer ] now all youeed is a magic carriage. citi price rewind. start saving at citi.com/pricerewind. can i still ship a gift in time r christmas? yeah, sure you can. great. where's your gift? uh... whew. [ male announcer ] break from the hiday stress. ship fedex express by december 22nd for christmas delivery. [ engine revs ] ♪ ♪ [ male announcer ] the mercedes-benz winter event is back, with the perfect vehicle at'sust right for you, no matter which list you're on. [ santa ] ho, ho, ho, ho! [ male announcer ] lease a 2013 ml350 for $599 a mont at your local mercedes-benz dealer. ♪ lou: back with the a-team, and i want to turn, if i may, to george zimmerman suing nbc because of the outrageo job of editing, they did, in my opinion, outrageous, clearly, intentional. what dyou think the cnces of are prevailing? >> oh, damn good because nbc, says, oh, oh, the videographer, audio, video edit, it's, you know, he just snipped it in e wrong place. they'll blame the engineer, the vid
reduction. i am quoting her diretly. let's try that again because yo probably did not believe your years. yocannot get away to deficit reduction. your reaction? >> i'm speech was, quite frankly. i mean, if that -- if she believes that to be true, then she believes he can grow your way out of problems and there is no growth rate that is going to match th 22% projected increase in insurance subsidies under obamacare. or she believes e can taxer way out, and there is no way our economy can bear to double the fedel tax levelsfrom 18% of gdp the 36. at is what it would take. the reality is that the bulk of our problems during the spending, both in the near term are we have a seuester and a longer-term where this is all about getting the entitlement programs under control. lou: getting the entitlement programs under control seems like a distant and remote fantasy with a president who is willing -- i mean, he has issued an ultiatum. he will be the cause of going over thefiscal cliff. i don't know what the republican leaders cannot hang onto that thought. they will be watching him, the reaction
? important enough in yo judgment to see a quick decision by the court? >> well, apart from being the divorce lawyers full eployment act, apart from there, i think the course could choose a narrow proceed interpretation. they may decide just some things with respect to the california law. i'm not sure the court wants to tackle the issue because it is contrrversial right now. lou: is our shannon pointed out, taking on proposition 8 and the defense of marriage act. it looks like it might be a little broader than we might have expected. >> it could be, but they have narrowed a broad, potentially broad, decision before. you have two swing justices here. the chief juice and, you know, obviously, the other guy that everybody's watching, but i don't think you can predict this one. adam, a really well-respected legal scholars, thinks they would narrow it, and i suspect he's right. lou: going through a lot of trouble, creating controversy and hoopla for just a little thing. you know, it's the day of big issues and little results. >> you got to love it. when it comes to love and marriage, they have the
is cheap. it's what yo do that counts. what happened today plays into the perception, the perceptn growing among the republicans that a street language, president obama can be rogue for his wallet and his watch. he's not a guy who puts up a fight. lou: a love that, that rather thinkst that's street language. we doubt the top 2% of taxpayers agree on that statement irrespective. another tax happy democrat and his thoughts. congressman blumenhour of oregon wrote a bill how government can tax cars by the mile. this idea, and i don't want to say it's stupid, but it is, and it's not even original. a mileage tax program was proposed twice last year. that's how bad that one is. the last spot on the li goes to espn commentator rob parker, the former detroit news coal imu.s. yesterday questioned the blackness of washington red skins robert griffin iii claiming he was not authentic. >> i keep hearing things, we all know he has a white fiance, talk about he's a republican. he's not really, okay. he's black, does the thing, but he's not really down with the cause. he's not one of us. he's kind of blac
and seek immediate medical help if your breathing suddenly worsens, yo throat or tongue swells, you get hives, vision changes or eye pain, or problems passing urine. other side effects include dry mouth and constipation. nothing can reverse copd spiriva helps me breathe better. (blowing sou) ask your doctor about spiriva. ♪ lou: well, m next guest was in a special closed-door republican conference meeting just held on how of the speaker's plan the approachs working out. joining us, congressman randy forbes, a member of the armed services committee, house judiciary committee and, as i said, has just left the republican conference with speakeof the house. what is the headline to one congressman? >> we are in the fourth quarter, and time is running out to fix this fiscal problem. i think you have to, first of all, look and realize it is three components. what will happen with these tax rates if they go up. could cost as 800,000 jobs. this huge spending problem that is ruining our future in the future of the country and ll happen to ational defence if sequestration comes in. there are thr
. that is what limits us. >> b1 it is great to see you again. thank yo lou: up next, president obama blames the fiscal cliff impasse on himself in a kind of interesting perverse way. john boehner holds one of the press conferences that is the fastest on record. i hope e set a standard for the political class. copd makes it hard to breathe, but with advair, i'm breathing better. so now i can be in the scene. advair is clinically proven to help significantly improve lung function. unlike most copd medications, advair contains both an anti-inflammatory and a long-acting bronchodilator working together to help improve your lung function all day. advair won't replace fast-acting inhalers fosudden symptoms and should not be used more than twice a day. people with copd taking advair may have a higher chance of pneumonia. advair may increase your risk of osteoporosis and some eye problems. tell your doctor if you have a heart condition or high blood pressure before taking advair. if you're still having difficulty breaing, ask your doctor if including advair could help improve your lung function. ge
is security analyst, former u.s. ambassador to the united nations. what do yo think of this appotment? >> i think it will be more of the same, only worse. i think -- i think his views and the presidents are essentially the same. the president saw it up close and personal. for years on the senate foreign relations committee. kerrey has been wrong on nuclear proliferation about half the area, wrong and dealing with russia on arms contro and missile defense wrong on china. i could go on, but i think that -- lou: we are about to run out of countries. >> the presint got what he wanted. it will be more of the same. lou: to you agree? >> i think it is pretty good choice. he won the election. he gets to choose. confirmed pretty readily? represents a sort of mainstream american foreign policy, a little bit less for me, but not as far left as the first joist. lou: interesting, john mccain and others came out wih really unreserved support for senator kerry. let's turn, if we may, to the faile in benghazi. and tis report looks to me, i no there are varying views on this. and other whitewash, it seems.
applied, increased red blood cell count, headache, diarrhea, vomiting, and increase in psa. see yo doctor, and for a 30-day free trial, go to axiron.com. why they have a raise your rate cd. tonit our guest, thomas sargent. and one of the most cited econists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he n't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. lou: people across the country pausing this morning to observe a moment of silence for the 26 people who were murdered at sandy hook elementary school a week ago today. connecticut's governor, dan malloy, state's lieutenant governor and other local officials gathered in newtown's town hall. bells from a nearby church rang 25 times in memory of each life lost. the fifth straight day for the victims of last week's massacre. >>> the national rifle association chose today to make its first public comment, laying out its plan to keep america's schoolchildren out of harm's way. their answer? armed guards in schools all across the country. fox news chief
. it looks like we're starting to see a real turn to equities. are we? >> that could be the case. if yo believe money market rates will stay close to 0% until the middle of 2015 and ten year treasurys will climb above 2% anytime soon. it makes a great deal of sense. >> i agree. it is going to happen, and he has his paddle to the metal. he is not a point change. lou: he being ben bernanke, president obama has to figure out whether or not he is going to change. i want to read a few words. at that the president had already left for hawaii and had arrived. he says, avoiding the middle-class tax hike is not a democratic responsibility or republican responsibility. with their votes. this is our president speaking, with ebro's the american people have determined that governing is a shared responsibility, are you ready, between both parties, the same guy who has been fighting tooth and nail. he does not even talk like the same guy. >> he has to go a little bit further and reducing entitlements long term if there is going to be any reason to believe that we are making substantial, credible progr
, ask your doctor if including advair could help improve yo lung function. get your first full prescription free and save on refills at advaircopd.com. ♪ lou: our next guest says president obama see democracy as a form of social inequality. in a recent cartoon he draws a young barack obama at the blackboard. he is a two-time pulitzer prize-winning editorial cartnist senior editor with investors business daily. great to have you with us. be appreciated so muh. i love your cartoons, and i would wat to ajust, if we may, go to a few more of them to get your remarks. i want to first it your idea of what you think of the fiscal cliff. you have tough find this to be rich father. absolutely. i alwys suggest, but the best tag riders in the world work for politicians. this white house is giving me plenty of fodder for curtains. anit is funny to think about these events, but a very traumatic and serious. they avoid the fiscal cliff. we are talking about over $607 billion worth of money taken out of the economy next year. lou: i just want to put up the next cartoon that we have. it matte
: it is outside the territorial wats. >> the idea is and yo arerom the silicon lley area, that you can come to america with a work visa a wk three months orix months but you cannot stay so you have the four engineer the boat and the silicon valley tech geniuses go back and forhe and work with them? >>guest: when you come for a few months on tourist or work visas you cannot work, so there is no avenue where the entrepreneurs can come hour and create the companies which create the jobs and the economic growth and the prosperity and put silicon valley on the map. >> time is needed for the companies to grow and enable them to have that period of time to meet relevant investors and they can grow. it is an incute baiter to get the small companies to be able to blow. >> you call it the blue seed project? why not green egg? >> blue because it is on water and seed is a small company bere it grows into the next google or facebook. >> it is the googl plex o the sea. >>guest: we are familiar with google, the real google plex where inlligent and creative people can work in a fantastic t of circumstance
makes the market. liz: i don't know if he does yos talk a lot about operation twist or seen the expiration of that, that is coming to the end. today you have some energy complex moving higher. natural gas not so much, but how closely tied our prices of natural gas and gasoline into what happened as far as a fiscal cliff is concerned in how people feel about the discretionary income they have an in the monen their wallets? >> the fiscal cliff stuff, i am on the sidelines. we are in a range. if you look at the volatility, we are at the lowest points of the year right here. has not been this year since last year. but 21%. that tells the a lot of people are on the sidelines. look at the range we have been in. everybody got excited. nobody got excited about calls. you have to look at the volatility, index, as far as relationship between the natural gas. liz: is the trade to sell at 90, by at 80? >> absolutely. but easier said than done. seems to be going forward to the end of the year, on the sidelines, see what happens with the fiscal cliff stuff. the frank.thing. a lot of those
.50 an order to print out your own tickets on your prin atome. they will mail them to yo--. gerri: what? that isidiculous. >> ey mail them to you for free but can take up to10 to 14 days. you can be pretty anxious waiting to see if you go to the concert or not. gerri: other one, bmw on here. everybody is surprised. they have no spare tire? >> right. a number of automakers are doing this now. if you open the trunk the car doesn't come to th a car anymore. they are equipped with run flat tires that can run with minor puncture or sometimes they give you a kit where you can sort of a repair a minor puncture itself. if you have a blow out or major tire problem you could be stranded by the side of the row waiting for a tow truck to many could. gerri: if i'm paying for bmw i want a full tire. nice list, home depot, honda, kohl's, pnc bank and nordstrom. kudos to those guys. they make the nice list. always great to see you. great list. good stuff. >> thank you, gerri. >> thank you, gerri. gerri: we'll be right b [ male announcer ] how do you trade? with scottrader streaming quotes, any way you
them feel healthi. th sleep better. i hope yo gerri: hello, everybody. i am gerri willis. tedays until we got the fiscal cliff. president obama speaking moments ago, saying that maybe some time off will give both parties perspective to drink some eggnog, ng some careless, maybe reached the fiscal cliff deal. how speaker ohn boehner is doing damage control on their plan b mess. before heading out for the holidays. even as americans are facing more than $500 billion in tax hikes coming on january 1. with more on this, we have peter barnes, fox business sr. washington correspondent. what did the president have to say moments ago? >> john boehner did say that this would be a cooling off period. maybe they would have some time to reflect here. the president said that he did speak on the phone to speaker john boehner this afternoon. he also had majority leader harry reid to avoid the fiscal cliff and figure out a passport. he said he is ready and willing to try to get a compromise package done. all at once or stuff like that. but we'll have to wait until after the holiday. the president plan
classes. if i were in yo class you would fail me. >> absolutely not. students look at data they reach their own conclusions and often look at union data and reach the conclusion that it is a backstop between american woers being paid a living wage and not being paid a living wage. >> you know it interesting that you would bring that up because, that is probably how this particular argument got started the problem was that is got started in 1960 when ports were becoming more automated. the crux of this particular fight is about a royalty that was going to unions to compensate them for the fact at ports were becoming more automated and less union workers were needed of the so they paid themthis royalty to help ease them into the transition, that you just needed fewer workers because that is how society works. things getore automated. we're more productive. it is good. our economy gets bigger. here we are 40, 50 years, later this royalty started out has ballooned to a big payout for these unions. and they have made no progress in the sense that, you know this is all put in place to addre
out and we're watching yo melissa: on the ground in egypt what kind of influence can we really have? they cash a check we send but beyond that what other kind of help can we give? i'm not sure we'r welcome. >> we're not welcome, this regime, the morsi regime, muslim brotherhood compare it to the iranian regime 30 years ago. one of the platforms is creating anti-western propaganda within the country. that has been one of the things that happened -- helped them go forward. you have the presence of many different factions within egyptian society. that's what we need to cash in on. not in terms of finances but in terms of support. exactly what we should be doing in iran. we take more secular factions, people came to tahrir square, women, children, people being marginalized by the muslim brotherhood saying we support you. we want you to have a say in the future of egypt as a nation and we're going to help you. that is who we should be reaching out to. that is where the money should be spent on these more democratic and i hate to use that word in the sense of middle east becau for every c
has the plug you can buy it. do you wear your seatbelt. do you speed? what is yo driving like. they will offer you a discount. especially if you're not a speeder. adam: willing to say progress he have, by the way based in cleveland, ohio, you can tell i'm a cleveland fan. you're making a deal willing which progressive. essentially getting discount. progressive is paying you for the right to collect the information. the case for nissan leaf i got to test drive in tennessee a few years ago. no, we did not eed. >> can't speed in the car. adam: electric. the torque is pretty good. >> they're cool cars. adam: but they had computer system black boxes transmitting data. that nissan was collecting so they could improve the vehicle. that crossed kind of a gray area for a lot of people. >> right. as far as collecting information, service bulletins. recalls. we're having inherent problem across particular model or particular brand, makes a ton of sense to allow them access to the information. it will help you and other owners of that make and model. however i don't want the government to
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